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Thats exactly right! If the offer doesn’t go thru then the shares won’t be issued. This thing is powerful. Loved the way it held gains today after that run. Chart says much higher. Clay and his pigeons will only push it higher!
Isn't the 269m shares only for LC tender ? ie they will only be issued if LC shareholders tender LC shares for IEGH shares?
This is very similar and trading very similar to INT$. That stock ran to over $6 with a much higher float. This block chain is backed by GOLD. I’m putting a $10 price target here.
* * $IEGH Video Chart 01-10-18 * *
Link to Video - click here to watch the technical chart video
Just what the Doc Holliday ordered!! BOOM!!
It will no longer be a Low float. thanks
Wondering How IEGH will sell 269 Million new shares. The fluff PR can only cheat people once, right?
Sorry for the repeating post because of the machine error.
IEGH, issued 269 Million new shares for sell, link here:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12465677
IEGH, issuing 269 Million new shares for sell, VAST! Here is the link:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12465677
Filed on Jan 05, 2018. Now, released a Fluff press, in Order to Dump their huge worthless shares to the idiots!
Be very careful.
Lots of SCAMS announced 'blockchain' on OTCBB/PINKs but nothing has happened Except Dumping,
IEGH Unveils Plans for New Cryptocurrency
Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH), through wholly owned subsidiary Investment Evolution Crypto, LLC, this morning announced that it is negotiating to purchase a gold project with gold metal in the ground and prospecting licenses. IEG Holdings intends to utilize this gold resource to investigate creating its own gold metal-backed cryptocurrency, potentially offering loans and accepting loan repayments in the new blockchain-based currency. “Unlike Bitcoin, Ripple, Ethereum and Litecoin etc., IEGH’s crypto currency is planned to be backed by gold metal and registered with the SEC as a security,” Paul Mathieson, chairman and CEO of IEGH, stated in the news release. “We believe potentially combining the exciting new blockchain technology with the hard asset of gold metal, expected SEC registration, a leading sophisticated online consumer finance system and individual US state lending licenses is a very exciting proposition. In addition, we believe the future leaders of the crypto/blockchain sector will be companies that are materially compliant with all the existing and future related US government legislation. We aim for IEGH to leverage off its existing fintech business credentials, specifically its extensive experience in online consumer loans, to potentially be a key player in the crypto/blockchain sector.”
To view the full press release, visit http://nnw.fm/8td4J
About IEG Holdings Corporation
IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com. In addition, IEG Holdings announced on December 22, 2017 that it has formed Investment Evolution Crypto, LLC, a wholly owned subsidiary of IEG Holdings (“Crypto”). Crypto will explore the legalities and economic risks and benefits of entering into a joint venture with Investment Evolution Corporation, a wholly owned subsidiary of IEG Holdings (“IEC”), to accept repayment of customer loans in the form of crypto/blockchain currencies such as Bitcoin, provide the crypto equivalent of $5,000 and $10,000 loans to customers, and also potentially create and issue an IEC cryptocurrency. Crypto has not begun operations and is in the development planning stages to explore these business opportunities in this time of changing technology. For more information about IEG Holdings, visit www.investmentevolution.com
They just gave middle finger to Lending Club I love this CEO
No scam here, real company, real revenue, real market disrupting move here.
Low float this won't be under a buck long!
Wow, another Scam (IEGH) announced 'blockchain' like many other Scams did in Order to Pump and Dump their worthless shares to the naives and idiots.
Seems LC offer will need to be adjusted DOWN
Wonder if Lending Club would like that offer now??? IEGH gonna be higher PPS pretty soon!
HA!!!
IEGH WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!
WOW!!!!! BOOOM!!! https://ir.investmentevolution.com/news/detail/305
EG Holdings Plans to Create its own IEGH Crypto/Blockchain Currency Backed by Gold Metal and SEC Registration as a Security
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LAS VEGAS, NV -- (Marketwired) -- 01/10/18 -- IEG Holdings Corporation ("IEG Holdings") (OTCQB: IEGH) announced today that its wholly owned subsidiary, Investment Evolution Crypto, LLC ("Crypto"), is negotiating to purchase a gold project with gold metal in the ground and prospecting licenses. IEG Holdings plans to utilize a gold resource to investigate creating, through Crypto, and a joint venture with Investment Evolution Corporation, also a wholly owned subsidiary of IEG Holdings, its own gold metal-backed crypto/blockchain currency, and potentially offer loans and accept loan repayments in its own crypto/blockchain currency. Crypto has not begun material operations and is in the development planning stages to explore these crypto/blockchain opportunities in this time of changing technology. Prior to launching these plans, Crypto will investigate the legalities and economic risks and benefits of its plans. Any crypto currency offering will be registered with the Securities and Exchange Commission ("SEC").
Paul Mathieson, IEG Holdings' Chairman and Chief Executive Officer, said, "Unlike Bitcoin, Ripple, Ethereum and Litecoin etc., IEGH's crypto currency is planned to be backed by gold metal and registered with the SEC as a security. We believe potentially combining the exciting new blockchain technology with the hard asset of gold metal, expected SEC registration, a leading sophisticated online consumer finance system and individual US state lending licenses is a very exciting proposition. In addition, we believe the future leaders of the crypto/blockchain sector will be companies that are materially compliant with all the existing and future related US government legislation. We aim for IEGH to leverage off its existing fintech business credentials, specifically its extensive experience in online consumer loans, to potentially be a key player in the crypto/blockchain sector."
IEG Holdings is an SEC-reporting fintech public company that holds 20 individual state lending licenses and/or certificates of authority that has taken IEG Holdings nearly a decade to secure.
Make sure you are first to receive timely information on IEG Holdings when it hits the newswire by signing up for IEG Holdings' email news alert system at http://www.investmentevolution.com/alerts.
Additional Information
This press release is provided for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities. IEG Holdings has filed with the SEC a Registration Statement on Form S-4 and a Tender Offer Statement on Schedule TO containing a letter of transmittal and other documents relating to the tender offer. IEG Holdings or LendingClub Corporation will mail these documents without charge to LendingClub Corporation common stockholders. Investors and stockholders should read those filings carefully as they contain important information about the tender offer. These documents, as well as IEG Holdings' other public filings with the SEC, may be obtained without charge at the SEC's website at www.sec.gov and at IEG Holdings' website at www.investmentevolution.com. The information contained on the SEC's and IEG Holdings' websites is not incorporated by reference in this press release and should not be considered to be a part of this press release. The letter of transmittal and related materials may also be obtained without charge by contacting Okapi Partners LLC, the information agent for the offer, at info@okapipartners.com or (855) 208-8903 (toll-free).
About IEG Holdings Corporation
IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, "Mr. Amazing Loans", via its website and online application portal at www.mramazingloans.com. IEG Holdings started its business and opened its first office in Las Vegas, Nevada in 2010 and currently offers $5,000 and $10,000 unsecured consumer loans that mature in five years. IEG Holdings is a direct lender with state licenses and/or certificates of authority in 20 states -- Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Texas, Utah, Virginia and Wisconsin. IEG Holdings provides loans to residents of these states through our online application portal, with all loans originated, processed and serviced out of our centralized Las Vegas head office.
For more information about IEG Holdings, visit www.investmentevolution.com.
ACF Equity Research- VALUE RANGE USD2.70–2.99
Need LC shareholders to accept this much simpler/more profitable loan model, then IEGH will fly.
Latest report. They like LC move. Still so cheap. https://content.equisolve.net/_cd57c4f29b623bd94e9b1d81b15435d6/investmentevolution/db/3/551/pdf/ACF+IEGH+Flash+Note+FINAL+08012018.pdf
Agreed
Accumulating for run to come
Iegh
I really expect this to pop when people actually stumble upon this one. So many good things clicking.
Agree, I continue to accumulate as a long holding IEGH
I've been watching IEG and I think it's time I pull the trigger. It's looking poised to do some great things. The loan volume, revenue, cash, and everything look too good to pass up at this price. I'm doing it. Can't wait to see what happens.
IEGH Commences Tender Offer for Stake in LendingClub Corporation (NYSE: LC), Highlights “Flawed” Business Model
Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH) this morning announced the commencement of a tender offer for shares of LendingClub Corporation (NYSE: LC) by which the company aims to exchange 13 shares of its common stock for each share of LendingClub, up to an aggregate of just over 20 million shares, or 4.99 percent of LendingClub’s outstanding shares. In the news release, IEGH identified what it believes to be a number of major risks and problems with the LendingClub business model and management, including weak underwriting standards, lack of company-owned state lending licenses, unsustainable funding sources, excessive cost structure and poor stock market performance. “We ask LendingClub shareholders to consider whether they wish to move forward with an improved online balance sheet lender model aimed at the future or continue to support what we believe to be a flawed ‘broker’ business model,” Paul Mathieson, chairman and chief executive officer of IEGH, stated in the news release. “Weak underwriting standards, tiny gross margins and large, continuing losses is a recipe for disaster.” IEG Holdings believes that changing LendingClub’s business model to a balance sheet lender model would enable the company to generate significantly higher gross margins, provide significantly higher long duration cash flow from customers, build increased goodwill with customers and enable increased customer refinancing.
To view the full press release, visit http://nnw.fm/om30E
About IEG Holdings Corporation
IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com. In addition, IEG Holdings announced on December 22, 2017 that it has formed Investment Evolution Crypto, LLC, a wholly owned subsidiary of IEG Holdings (“Crypto”). Crypto will explore the legalities and economic risks and benefits of entering into a joint venture with Investment Evolution Corporation, a wholly owned subsidiary of IEG Holdings (“IEC”), to accept repayment of customer loans in the form of crypto/blockchain currencies such as Bitcoin, provide the crypto equivalent of $5,000 and $10,000 loans to customers, and also potentially create and issue an IEC cryptocurrency. Crypto has not begun operations and is in the development planning stages to explore these business opportunities in this time of changing technology. For more information about IEG Holdings, visit www.investmentevolution.com
I was on their website/OTC Markets doing DD this afternoon and signed up for their pres releases. Blasted a little on the ask before close then minutes later get my first emailed PR with Lending Club.
This company has some serious legs and only getting started.
Dollars seems like ez money
You are welcome. Ride the wave my old friend.
so far from what I read in the filings, IEG Holdings wants to acquire a percentage of Lending Club and hopefully in the future acquire more...wow
So we have Lending Club shares?
I think this stock is killer buying more Monday!!
Trying to figure this Lending Club PR
What does this mean?!?!
Panzer what you thinking man? buy more on Monday
IEGH Initiates Tender Offer for Shares of LendingClub Corp. (NYSE: LC)
IEG Holdings (OTCQB: IEGH), a provider of unsecured consumer loans, said today that it has commenced a tender offer to exchange 13 shares of the company’s common stock for each share of common stock of LendingClub Corp. (NYSE: LC) up to a total of 20,701,999 shares of LendingClub common stock. The aggregate amount represents approximately 4.99% of LendingClub’s outstanding shares as of October 31, 2017, validly tendered and not properly withdrawn in the offer. Unless it is extended further or terminated early, this offer is set to expire on February 22 at 5 p.m. ET. Complete terms and conditions of the offer are available at the Securities and Exchange Commission’s website at www.sec.gov.
To view the full press release, visit http://nnw.fm/0c7UN
About LendingClub
LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors. For more information, visit the company’s website at www.LendingClub.com.
About IEG Holdings Corporation
IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.MrAmazingLoans.com. For more information about IEG Holdings, visit www.InvestmentEvolution.com.
Just announced....IEG Holdings Corporation Announces Commencement of Tender Offer for Shares of LendingClub Corporation
Man need so much more of IEGH LOADING!!
Just slapped it lost patience lol
Panzer bidding a tad at .30 let's see if she fills
this is a real winner here. once crypto news hits we are golden
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NEW YORK, NY / ACCESSWIRE / December 29, 2017 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on IEG Holdings Corporation (OTCQB: IEGH).
The report is available here: IEGH December 2017 Update Note.
IEG Holdings Corporation (OTCQB: IEGH) provides online unsecured consumer loans under the brand name "Mr. Amazing Loans" via its website, www.mramazingloans.com, in 20 US states. The company offers $5,000 and $10,000 personal loans over a five-year term at rates ranging from 19.9% to 29.9% APR. IEG Holdings plans future expansion to a total of 25 US states, which would cover 240mn people and represent approximately 75% of the US population.
Since 2013, IEGH has obtained additional state lending licenses, and they are licensed and originating direct consumer loans in 20 states including: Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Texas, Utah, Virginia, and Wisconsin. The Company was founded in 2010 and is headquartered in Las Vegas, Nevada.
Highlights from the note include:
IEGH to enter Crypto / Blockchain space with new entity
On December 22, 2017, IEGH Chairman and CEO Paul Mathieson announced that IEGH would enter the cryptocurrency space with the incorporation of a new entity, Investment Evolution Crypto, LLC. The new entity is a 100% wholly-owned subsidiary that will explore the practicality and legality of working with Mr. Amazing Loans to accept payment for customer loans by way of leading Crypto / Blockchain currencies such as Bitcoin, provide the cryptocurrency equivalent of $5,000 and $10,000 loans, and potentially issue its own cryptocurrency. The decision to enter the cryptocurrency space is a rational one for IEGH, which already has an existing business issuing $5,000 and $10,000 consumer loans through online channels, and the company may be able to leverage the growing interest in cryptocurrency to grow its business and raise new capital that could be deployed to grow its loan book.
IEGH releases 3Q17 results
IEGH released 3Q17 results on November 8, 2017, with the filing of its 10-Q with the SEC. During 3Q17 IEGH increased its advertising spend and maintained its quarterly dividend of $0.005 per common share. Revenues, primarily consisting of interest revenue, were $407,370, down from $413,941 in 2Q17 and 557,551 in 3Q16. As of September 30, 2017, IEGH had 1,546 loans outstanding with an unpaid principal balance of $5.92mn. Operating expenses during the quarter declined to $1.48mn from $1.54mn in the year-ago period. The company increased advertising expenses during the quarter, which is expected to help increase loan originations in future periods. IEGH also resumed payments to CEO Paul Mathieson, at an annual salary of $1.2mn, and reduced rent and other operating expenses. We estimate the company is now operating at an annualized expense rate of slightly under $6mn and have assumed the company will manage the business for growth rather than targeting breakeven in the short run. Net loss in 3Q17 was ($1.7mn), including a legal settlement of $0.6mn. For the quarter, EPS came in at a loss of ($0.13) versus ($0.10) in the year-ago period.
Price target moves to $2.00
We are updating our price target for IEGH to $2.00 per share following recent results and a new share count assumption following recent financing activities. IEGH is a high risk, high potential reward company in the consumer finance sector.
OTC Disclosure & News Service
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LAS VEGAS, NV--(Marketwired - December 22, 2017) - IEG Holdings Corporation (OTCQB: IEGH) announced today that it has incorporated a 100% owned subsidiary company named Investment Evolution Crypto, LLC. The subsidiary company will explore the legalities and economic risks and benefits of entering into a joint venture with IEGH's other 100% owned subsidiary company Investment Evolution Corporation dba Mr. Amazing Loans to accept repayment of customer loans in the form of leading Crypto/Blockchain currencies such as Bitcoin, provide the crypto equivalent of USD $5,000 and $10,000 loans to customers, and also potentially create and issue an Investment Evolution cryptocurrency. Investment Evolution Crypto has not begun operations and is in the development planning stages to explore these business opportunities in this time of changing technology.
Paul Mathieson, IEG Holdings' Chairman and Chief Executive Officer, said, "I am pleased to announce the launch of a potential new vertically integrated business channel in the exciting new Crypto/Blockchain sector."
Investment Evolution Corporation provides unsecured online consumer loans under the brand name "Mr. Amazing Loans" via our website and online application portal at www.mramazingloans.com. We started our business and opened our first office in Las Vegas, Nevada in 2010. We currently offer $5,000 and $10,000 unsecured consumer loans that mature in five years. The Company is a direct lender with state licenses and/or certificates of authority in 20 states - Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Texas, Utah, Virginia and Wisconsin. We provide loans to residents of these states through our online application portal, with all loans originated, processed and serviced out of our centralized Las Vegas head office, which eliminates the need for physical offices in all of these states.
Make sure you are first to receive timely information on IEG Holdings when it hits the newswire by signing up for IEG Holdings' email news alert system at http://www.investmentevolution.com/alerts.
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